Caught in the eye of a storm over allegations of fabricated financials and unethical business practices, online food delivery firm Swiggy on Wednesday denied all allegations calling them an act to malign the company.

Mumbai: Caught in the eye of a storm over allegations of fabricated financials and unethical business practices, online food delivery firm Swiggy on Wednesday denied all allegations calling them an act to malign the company.

In an official Facebook post, Swiggy said, “The recent blog post from an anonymous source is targeted at maligning the reputation of Swiggy as an organisation.”

“Our employees are the keepers of our soul – as a start-up organisation, we take pride in the culture of mutual respect and common purpose that has helped us grows thus far,” the statement further added.

An anonymous blog post on Wednesday claimed to be written by four current and former employees of the firm on the microblogging site Tumblr alleged that the firm had cheated restaurant partners and arm-twisted them in a bid to earn more commissions and cheated their investors during the latest round of fundraising by presenting false numbers.

"One of us quit Swiggy three months ago. One of us was asked to leave, using a very farce performance management system. The other two of us are still working at Swiggy, but going to quit in the next two weeks. We also know that a lot more people are going to quit Swiggy over the next few weeks," the post said.

In a detailed post ‘Swiggy Sales-- A House of cards', the employees have highlighted various incidents and data sheets alleging the company lied to restaurant partners about its market share and orders.

“Our January 2017 order volumes were less than December 2016 volumes. Yes, we had a decline of order volumes in January. But we have seen the investor presentations, and they have shaved off the December numbers in the slides in order to show a linear growth curve across all months of our existence,” the post added.

Apart from unethical business practices, they accused the management of having fostered a culture wherein promises of delivering equity and bonuses to employees weren't kept.

"A lot of us were made false promises about equity and bonuses that were never paid. They just need bots who are available 24/7 and if you are not, you will be put on a performance improvement plan (PIP) on some pretext or the other and be out of the door before you know it. At any given point in time, 10-15% people are always on PIPs and shown the door,” the post further added.